There were 4 key factors to Ford outperforming third-quarter earnings expectations

Key Points
  • Ford more than tripled Wall Street's consensus estimate and beat its own forecast for the third quarter.
  • New Ford CFO John Lawler attributed the company's better-than-expected performance to four "key" factors.
  • They included vehicle demand, positive pricing, lower structural costs and the company's financial arm.
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Ford beats the top and bottom line in Q3

Ford Motor more than tripled Wall Street's consensus estimate and beat its own forecast for the third quarter, sending shares of the company up as much as 7% Thursday morning.

The automaker on Wednesday reported an adjusted EPS of 65 cents compared to 19 cents expected, according to Refinitiv. That was from total revenue of $37.5 billion, up $500 million from the third quarter of 2019.

Ford shares were trading at around $8 per share during midday trading, up more than 4%.